97 employees at Springfield’s Timken Belts will lose jobs in 2025. When layoffs start
A month ago, employees at Springfield’s Timken Belts facility were notified that 97 jobs — or 40% of the workforce — will be eliminated by the end of September.
The layoffs are scheduled to start in March.
Scott Schroeder, spokesman for the company headquartered in Ohio, said employees were notified about the planned reductions Dec. 6.
A public notice was also filed in compliance with the federal Worker Adjustment and Retraining Notification Act, known as WARN notice.
“While difficult, we make staffing decisions at our facilities based on a continuous review of our long-term capacity plans, cost competitiveness and customer demand,” Schroader said in an email to the News-Leader. “We will provide support to help employees affected by this change.”
For example, employees will receive severance pay and outplacement career planning services.
Schroeder said individuals who will lose their job will receive advance warning, or at least a 60-day notice of their final day.
Timken added the Springfield facility in 1995, after buying the Carlisle belt business, housed in what had once been the Dayco factory.
According to detailed job reduction information provided as part of WARN, the layoffs include six salaried employees. The rest are hourly workers.
The first wave of layoffs will start March 31 followed by layoffs in May, June and July. However, more than half the layoffs will be Sept. 5-19.
Related
A top recruiter says sports marketing roles are hot right…
Jobs are opening up in the sports industry as teams expand and money flows into the industry.Excel Search &
Public employees and the private job market: Where will fired…
Fired federal workers are looking at what their futures hold. One question that's come up: Can they find similar salaries and benefits in the private sector?
Mortgage and refinance rates today, March 8, 2025: Rates fall…
After two days of increases, mortgage rates are back down again today. According to Zillow, the average 30-year fixed rate has decreased by four basis points t
U.S. economy adds jobs as federal layoffs and rising unemployment…
Julia Coronado: I think it's too early to say that the U.S. is heading to a recession. Certainly, we have seen the U.S. just continue t
